THE MERCHANTS BANK Failed 1992
What happened
THE MERCHANTS BANK of KANSAS CITY, MO was closed on 1992-11-20. The FDIC was named receiver.
Resolution: Payout / Insured deposits — FDIC paid insured deposits directly to depositors
Deposits were transferred to BOATMEN'S FIRST NB OF KC (KANSAS CITY, MO). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3415
- FDIC Certificate
- 15886
- FDIC FIN
- 4550
- Bank name
- THE MERCHANTS BANK
- Location
- KANSAS CITY, MO
- Failure date
- 1992-11-20
- FDIC resolution date
- 1993-04-23
- Charter type
- State commercial bank, Federal Reserve member
- Resolution type
- Payout / Insured deposits — FDIC paid insured deposits directly to depositors
- FDIC DIF cost (est.)
- $123M
- Deposits at failure
- $1,395M
- Assets at failure
- $1,452M
- Acquiring bank
- BOATMEN'S FIRST NB OF KC (KANSAS CITY, MO)
Other banks BOATMEN'S FIRST NB OF KC acquired in FDIC resolutions